"If this demonetisation on ₹500 and ₹1000 rupee notes fail, then the country will go 20-25 years back."

"Prime Minister Narendra Modi has announced demonetisation to bring out black money and the BJP's Janardan Reddy is spending ₹500 crores on his daughter's wedding," he said.

"Even the Supreme Court has shown its concern that the situation of demonetisation may turn into riots, I have also shared the same concern a few days back. If this demonetisation on ₹500 and ₹1000 rupee notes fails, then the country will go 20-25 years back," he added.

Thackeray after his meeting with NCP chief Sharad Pawar said, "In the morning, he (Prime Minister) gave an emotional speech in Goa on black money, and in evening, he praised Sharad Pawar, and says I came into politics holding Sharad Pawar's fingers. Even Ajit Pawar came into politics holding Sharad Pawar's fingers."

Questions are being raised as to why the income tax department is not investigating the source of funding of former minister and mining czar G Janardhan Reddy's daughter's wedding held in Bengaluru's posh Palace Grounds on Wednesday, causing huge embarrassment to the BJP top brass.

The apex court on Friday warned that there "may be riots" and refused the government's plea to stay cases filed against demonetisation in high courts and lower courts across the country, saying 'how can we shut our doors to people when there is a problem of such magnitude."

A Bench led by Chief Justice T.S. Thakur noted that people have started becoming "frantic" for money, braving queues for hours. The very fact that cases are being filed in courts all over is a signal that the problem is "serious and of magnitude," he observed.